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Salient features of TS-iPASS ACT

Salient features of TS-iPASS ACT

Beyond single window

For the first time, it provides applicants the right to timely clearances

Another first is acceptance of self-certification

Time limits for clearances - 15 days for mega projects

Provision of penalty if departments delay clearances

Common application form prescribed

Applicants need not go to different departments

Nodal Officer on the lines of Singapore Economic Development Board (EDB)

Applicants liable for action, if self-certification is false

Zero tolerance for corruption

Minimum inspection and maximum facilitation

Pollution concerns

Industries to be categorised as green, orange, red 1 and red 2

Only red 2 category to go to Government of India

90 per cent of applications cleared by State government

Policy framework

Secure, progressive business regulatory environment

Inclusive industrialisation with social equality

Rs. 100 crore to TSIIC for infrastructure development

Thrust areas

Life sciences including biotechnology and pharma

IT hardware including medical devices, communications

Aviation, aero-space and defence

Food processing and nutrition products

Automobiles, farm equipment, transport vehicles

Textiles, leather and apparel, related products

Plastics and polymers

Fast Moving Consumer Goods (FMCG), domestic appliances

Plug and play infrastructure in industrial parks

10 per cent water earmarked for industry

Initiatives for 2014-15

New pharma city, chemical city with developed infrastructure, waste management

Development of Hyderabad-Warangal industrial corridor

Development of Warangal as textile hub of Telangana

Food processing, seed production initiatives

Creation of venture capital/angel fund

Inter-state VAT rationalisation

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Printable version | Jul 15, 2018 8:24:19 PM |